Annual Financial Statements


Financial Statements for the year ended 31 December 2007


Income Statements

for the year ended 31 December 2007     Tongaat Hulett Limited
           
Company         Consolidated
2006 2007   Rmillion Note   2007 2006
              Restated
4 194 4 762   REVENUE - continuing operations     6 395 5 110
               
488 515   Profit from Tongaat Hulett operations     838 726
290 1   Capital profit on land     48 26
  (379)   BEE IFRS 2 charge and transaction costs     (383)  
      Exchange rate translation (loss)/gain     (1) 57
  3 348   Fair value adjustment of investment in Hulamin     3 348  
778 3 485   Operating profit after corporate transactions 18   3 850 809
      Share of associate company’s loss 6     (4)
(73) (151)   Financing costs 20   (193) (38)
108 49   Finance income 20   74 126
               
813 3 383   PROFIT BEFORE TAX     3 731 893
               
(177) (142)   Tax 21   (288) (238)
636 3 241   NET PROFIT AFTER TAX     3 443 655
      DISCONTINUED OPERATION 35      
               
      Hulamin unbundling     42 69
636 3 241   NET PROFIT     3 485 724
               
      Attributable to:        
636 3 241   Shareholders     3 457 723
      Minority interest     28 1
               
636 3 241         3 485 724
               
      EARNINGS PER SHARE (cents) 23      
      Basic     3 292,8 685,3
      Diluted     3 220,7 667,8